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Global Invacom (QS9) AI Stock Analysis

2 Followers
SG:QS9

Global Invacom

(SGX:QS9)

Select Model
Rating:49Neutral
Price Target:SGD 0.03â–²(0.00% Upside)
Action:reiterated
Date:09/08/26

The score is held down primarily by weak financial performance (multi-year revenue contraction, recurring losses, and uneven cash flow), partially offset by a low-debt balance sheet and modest cash-flow improvement in 2025. Technicals remain a headwind with the stock trading below major moving averages, while valuation is somewhat supportive due to a low P/E.

Positive Factors
DeleveragingThe sharp reduction in debt lowers financing pressure and improves financial flexibility relative to prior years. A conservative capital structure gives Global Invacom more capacity to manage operating volatility, support essential investment, and withstand periods of weaker demand without relying heavily on additional borrowing.
Negative Factors
Long-Term Revenue ContractionThe substantial multi-year decline shows that the recent recovery has not yet restored the company’s historical scale. A smaller revenue base can limit operating leverage, reduce resilience across satellite communications cycles, and make it harder for fixed costs to be absorbed consistently.

Global Invacom (QS9) vs. iShares MSCI Singapore ETF (EWS)

-50%-25%0%25%50%75%100%SG:QS9-35.71%EWS+11.10%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26Nov '26
Market Cap
SGD 7.33M
Dividend Yield
―
Average Volume (3M)
6.79M
Price to Earnings (P/E)
3.0
Beta (1Y)
0.75
Revenue Growth
12.18%
EPS Growth
―
Country
Singapore
Employees
125
Sector
Technology
Sector Strength
61
Industry
Communication Equipment

Global Invacom Business Overview & Revenue Model

Company Description

Global Invacom Group Limited operates as an investment holding company, specializing in the research, development, design, and supply of satellite communications hardware and systems. Its market reach extends internationally, encompassing significant...

Global Invacom Financial Statement Overview

Summary

Overall fundamentals are pressured by a steep multi-year revenue decline and recurring net losses (negative in 4 of the last 5 years), with 2024 particularly weak. Positives include conservative and improving leverage (debt down to ~2.0m by 2025) and a small return to positive operating/free cash flow in 2025, but cash generation remains volatile and equity has eroded materially, limiting the score.

Income Statement

34Negative

Balance Sheet

66Positive

Cash Flow

45Neutral
Financial statement breakdown
BreakdownTTMDec 2025Dec 2024Dec 2023Dec 2022Dec 2021
Income Statement
Total Revenue31.70M30.41M34.68M39.81M72.77M82.54M
Gross Profit14.29M14.05M13.66M15.49M14.42M16.55M
EBITDA-1.22M-1.34M-2.79M3.98M-10.46M4.85M
Net Income1.79M-2.22M-8.37M-963.00K-15.53M561.00K
Balance Sheet
Total Assets28.17M31.63M34.09M54.56M56.25M77.92M
Cash, Cash Equivalents and Short-Term Investments4.83M3.76M5.13M10.79M9.24M10.77M
Total Debt1.54M2.00M1.57M5.12M8.69M10.84M
Total Liabilities7.48M8.89M9.59M21.59M22.67M30.56M
Stockholders Equity20.73M22.77M24.54M33.00M33.61M47.38M
Cash Flow
Free Cash Flow2.83M151.00K-2.72M1.20M687.00K-1.60M
Operating Cash Flow3.10M386.00K-2.23M2.16M1.16M-537.00K
Investing Cash Flow-404.01K-786.00K-487.56K4.88M-462.00K-278.00K
Financing Cash Flow135.53K523.00K-5.03M-4.99M-2.21M295.00K

Global Invacom Technical Analysis

Technical Analysis SentimentNegative
Last Price0.03

Price Trends

50DMA0.03Negative
100DMA0.04Negative
200DMA0.05Negative

Market Momentum

MACD-0.00Negative
RSI36.88Neutral
STOCH75.00Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SG:QS9, the sentiment is Negative. The current price of 0.03 is below the 20-day moving average (MA) of 0.03, below the 50-day MA of 0.03, and below the 200-day MA of 0.05, indicating a neutral trend. The MACD of -0.00 indicates Negative momentum. The RSI at 36.88 is Neutral, neither overbought nor oversold. The STOCH value of 75.00 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for SG:QS9.

Global Invacom Peers Comparison

Overall Rating

UnderperformOutperform
Sector (61)

Financial Indicators

SG:QS9 against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
SG:BN2SG:BN274OutperformSGD 401.68M19.888.07%6.50%-1.84%-36.27%
SG:N01SG:N0163NeutralSGD 55.37M-87.46-1.59%―5.31%89.76%
Sector *61Neutral$37.18B12.37-10.20%1.83%8.50%-7.62%
SG:8AZSG:8AZ55NeutralSGD 281.70M9.5711.41%31.94%-8.15%-16.22%
SG:QS9SG:QS949NeutralSGD 11.26M3.008.22%―12.18%―

* Technology Sector Average

Performance Comparison

-50%0%50%SG:QS9SG:BN2SG:8AZSG:BDRSG:K29SG:N01Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26Nov '26
SG:QS9 and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
SG:QS9Global Invacom0.03-0.02-35.71%
SG:BN2Valuetronics Holdings 0.950.1316.42%
SG:8AZAztech Global Ltd.0.36-0.20-35.48%
SG:BDRWillas-Array Electronics (Holdings) Limited0.40-0.64-61.54%
SG:K29Karin Technology Holdings Limited0.21-0.06-21.35%
SG:N01Nera Telecommunications Ltd0.150.0216.67%

Global Invacom Corporate Events

Global Invacom Completes Rights Issue, Raises S$4.4m for R&D and Working Capital

Sep 4, 2026

Global Invacom has completed a renounceable, partially-underwritten rights issue, offering one new share for every two existing shares at S$0.035, based on 271,662,227 shares at the record date. A total of 135,831,113 rights shares were available, wi...

Global Invacom raises S$4.8 million to fund satellite ground equipment growth

Sep 4, 2026

Global Invacom Group has raised approximately S$4.8 million through a renounceable, partially underwritten rights issue of new ordinary shares priced at S$0.035 each, on the basis of one rights share for every two existing shares. Valid acceptances a...

Global Invacom launches Singapore-only rights issue to raise fresh equity

Aug 18, 2026

Global Invacom Group Limited has launched a renounceable, partially underwritten rights issue of up to 140,006,113 new shares at S$0.035 each, on the basis of one rights share for every two existing shares held by entitled shareholders. The company h...

Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.

Date of analysis: Sep 08, 2026